Globe Telecom’s venture capital arm, 917Ventures, is exploring new opportunities in artificial intelligence (AI) to enhance its portfolio. This includes popular mobile wallet platform GCash and telehealth provider KonsultaMD. The telecommunications company intends to strengthen its tech capabilities by developing generative AI products that can autonomously create text, images, and other media.
Vince Yamat, Managing Director of 917Ventures, stated that their goal is to strengthen the telco-to-techco strategy and build the next generation of great companies in the country. However, the company did not provide specific details regarding this strategic move.
Aside from AI, Globe is also committed to using technology for the betterment of society and the environment. The telecom giant plans to expand its digital health product, KonsultaMD, and explore various climate tech initiatives aligned with its sustainability commitment.
One exciting collaboration includes working with Ayala Corporation and Gogoro to make Gogoro smart scooters and innovative battery-swapping technology available in Metro Manila by the fourth quarter of 2023. This partnership aims to provide environmentally friendly transportation options to the city.
So far, 917Ventures has vetted over 500 ideas and launched 26 ventures. This year alone, it introduced three new portfolio companies to the market, bringing its total portfolio to 14.
As the industry continues to evolve, Globe Telecom remains dedicated to transforming into a digital solutions platform. Through investments in AI, digital health, and climate tech initiatives, the company aims to provide innovative services that cater to the needs of the modern Filipino market.
Disclaimer: This article is generated by OpenAI’s language model.
Frequently Asked Questions (FAQs) Related to the Above News
What is 917Ventures?
917Ventures is the venture capital arm of Globe Telecom, a telecommunications company. It explores new opportunities in various sectors, such as AI, to enhance its portfolio and strengthen its tech capabilities.
What specific AI products is 917Ventures developing?
While specific details were not provided, 917Ventures aims to develop generative AI products that can autonomously create text, images, and other media.
How does Globe Telecom plan to use technology for society and the environment?
Globe Telecom plans to expand its digital health product, KonsultaMD, to provide better access to healthcare services. Additionally, the company is exploring climate tech initiatives to support its sustainability commitment.
What is the collaboration between Globe Telecom, Ayala Corporation, and Gogoro?
The collaboration involves working together to make Gogoro smart scooters and battery-swapping technology available in Metro Manila by the fourth quarter of 2023. This partnership aims to provide environmentally friendly transportation options to the city.
How many ventures has 917Ventures launched so far?
917Ventures has vetted over 500 ideas and launched 26 ventures. Currently, it has a total portfolio of 14 companies.
What is Globe Telecom's vision for the future?
Globe Telecom aims to transform into a digital solutions platform. Through investments in AI, digital health, and climate tech initiatives, the company aims to provide innovative services that cater to the needs of the modern Filipino market.
Please note that the FAQs provided on this page are based on the news article published. While we strive to provide accurate and up-to-date information, it is always recommended to consult relevant authorities or professionals before making any decisions or taking action based on the FAQs or the news article.
